Coty selects banks for IPO-CNBC

May 16, 2012|Reuters

May 16 (Reuters) - Beauty company Coty Inc has selectedJPMorgan Chase & Co and Bank of America to bethe underwriters for an initial public offering it plans toprice this summer, CNBC reported on Wednesday afternoon, citingsources.

The company, known for fragrances for Madonna and Playboy,will try to price the IPO, which would value it at $6 billion to$7 billion, this summer, CNBC said.